AF&PA Releases October 2025 Packaging Papers Monthly Report with an Increase of 9%

Earnings as expected below previous year’s record level. • Sharp decline in demand and significant market- and capex-related downtime at MM Board & Paper weigh on results • Strong profit performance at MM Packaging • Comprehensive modernisation programme to increase competitiveness of MM Board & Paper implemented • Successful integration of last year’s acquisitions in the resilient area of pharmaceutical packaging • Positive volume trend for MM Board & Paper at beginning of 2024, however pressure on margins is continuing. Peter Oswald, MM CEO, comments: “After the record result of the previous year, the MM Group faced a significantly lower demand in the paper and cartonboard industry as well as increasing price pressure in 2023. In addition to destocking in the supply chain, inflation-related changes in consumer behaviour which led to lower consumption of everyday goods and the overall economic slowdown in our European main markets were the main causes.

Third Quarter Financial Results Highlights *Earnings before interest, taxes, depreciation and amortization ("EBITDA") from ongoing operations for Aluminum Extrusions of $12.1 million was consistent compared the third quarter of 2021 *EBITDA from ongoing operations for PE Films of $0.4 million was $4.4 million lower than the third quarter of 2021 *EBITDA from ongoing operations for Flexible Packaging Films of $7.8 million was $0.4 million higher than the third quarter of 2021

In very early 2023, Agri-Packing Supply Inc. will open its new facility in southern Arizona, significantly expanding the capacity of its cooling and logistics business. “This new facility will add 200,000 square feet to our existing capacity,” said Sales Executive Jorge Ruiz, adding that the facility is in the Rio Rico Industrial Park in Nogales. “We are very excited to welcome new partners into this facility.” Agri-Packing is a 32 year old company devoted to the fruit and vegetable industry offering packaging and grower supplies mainly for grower-shipper exporters operating from the Pacific West Coast of Mexico. “Our three main lines of products are corrugated boxes, flexible packaging (mainly retail pouch bags), and rigid containers (clamshells and custom labels),” Ruiz said.